Glantus Holdings' shares experienced an upswing on July 5, 2023, as the company officially confirmed engaging in discussions about a potential takeover. Glantus has been in talks with Accel-KKR and its investee company, Basware Corporation, exploring the possibility of a cash offer for Glantus.
In line with the Irish Takeover Rules, Accel-KKR must by 16 August 2023, either announce a firm intention to make an offer for the Company, or announce that they do not intend to make an offer.
There's no certainty that an offer will indeed be made, and the specific terms of any potential offer remain uncertain at this stage. The situation is subject to ongoing negotiations and market conditions.
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